Brief: Advanced Soltech Signs SEK 94 Mln Order In China

Gigasun AB (publ)

18/07/2022 06:32

July 18 (Reuters) - Advanced SolTech Sweden AB (publ)
 ASAB.ST :
    * SIGNS ORDER IN CHINA THAT GIVE APPROX SEK 94 MILLION
ACCORDING
TO THE CONTRACT PERIOD
    * ORDER CONCERNS INSTALLATION OF A SOLAR ENERGY PLANT OF
APPROX.
5.9 MEGAWATTS (MW)
    * ORDER IS ESTIMATED TO GENERATE ANNUAL REVENUES FROM
ELECTRICITY
SALES OF APPROX. SEK 4.7 MILLION, OR APPROX. SEK 94 MILLION
DURING AGREEMENT'S 20-YEAR TERM
    * INVESTMENT IN FACILITIES, WHICH WILL BE OWNED BY ADVANCED
SOLTECH'S WHOLLY OWNED SUBSIDIARIES IN CHINA, AMOUNTS TO APPROX.
SEK 39 MILLION AND CONSTRUCTION START IS PLANNED FOR Q3 OF 2022

Source text for Eikon:  ID:nMFN1vYpdQ 
Further company coverage:  ASAB.ST 

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